High Street, Smethwick

An opportunity to lease a ground floor lock-up shop in a prominent High Street trading position close to Smethwick town centre. EPC = C (57)

ACCOMMODATION

RETAIL SALES AREA: 4.26m max. (4.20m min.) x 9.61m overall

Incorporating:

OFFICE: 2.19m x 2.63m

LEFT HAND CORRIDOR
Leading to:

STORAGE LOBBY: 1.84m x 2.41m

SMALLER LOBBY:
With "Heatline" central heating boiler

WASHROOM: 1.78m x 1.78m

KITCHEN: 2.07m x 3.33m min.

OUTSIDE:

Access to rear yard providing space to store a refuse bin and giving access to the electric meter cupboard on the opposite side of the yard. No car parking or vehicular access will be allocated to the property.

RATING ASSESSMENT:
Rateable Value (from 1st April 2023): £6,400
Where provided the Agent has made a verbal enquiry with the Local Authority and this information should be verified by interested parties making their own enquiries.

LEASE:
The premises are to be let on lease. The length of term to be by negotiation subject to a minimum term of three years. The Agent has not checked the legal documentation to verify legal status of the property or validity of any guarantees. A tenant must assume the information is incorrect, until it has been verified by their own solicitors.

REPAIRS:
The in-going tenant will be responsible for internal repairs and decoration both during and at the end of the lease term (to include the shop front and roller shutter door).

INSURANCE:
The in-going tenant will also be responsible for reimbursement of the building insurance premium on a pro-rata basis.

RENT DEPOSIT:
A rent deposit of £2,000 (two thousand pounds) will be payable by the tenant at the commencement of the term and will be held in a non-interest bearing account for the duration of the lease.

LEGAL COSTS:
The in-going tenant will be required to contribute 50% of the landlord's legal fees in the preparation of a new lease.

VAT:
All figures are exclusive of VAT where applicable.

SERVICES AND APPLIANCES:
Mains gas, electricity, water and drainage are connected. The property has gas fired radiator central heating provided by a "Heatline" central heating boiler. The Agents have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order or fit for their purpose. The prospective tenant is advised to obtain verification from their Solicitor or Surveyor.

VIEWING:
Strictly by prior appointment via Agents on 0121-422-4011 (option 3, commercial)

IMPORTANT NOTE:
If you are considering entering into a lease for commercial premises, before proceeding we would draw to your attention the existence of the Code for Leasing Business Premises First Edition February 2020 (

This document and its supplemental guide set out the basis on which negotiations of the lease terms should be undertaken.

It is recommended that you obtain your own professional advice with regard to the Code and the proposed lease terms before proceeding.

ANTI-MONEY LAUNDERING REGULATIONS:
In order to comply with Anti-Money Laundering Regulations, any prospective tenant will be required to provide the following:

1. Satisfactory photographic identification.
2. Proof of address/residency.

In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity.

Satisfactory bank and trade references will also be required.